Visa: Plans to test whether stablecoin settlement on Solana can meet the needs of modern corporate financial operations

Odaily Planet Daily News Visa released a research report "In-depth Discussion of High-Performance Blockchain Network Solana". According to the report, Solana’s unique technical advantages include high throughput for parallel processing, low cost for localized fee markets, and high resiliency for large numbers of nodes and multi-node clients, which together create a scalable blockchain platform with compelling The payments value proposition is part of the reason why Visa decided to expand its stablecoin settlement pilot to include transactions on the Solana network. When Visa pilots stablecoin settlement capabilities on Solana, it plans to test Solana’s ability to meet the needs of modern enterprise financial operations. Previously, Visa said on September 5 that it would begin sending USDC to selected merchants through the Solana blockchain in a newly announced pilot project. Credit card holders simply swipe or click to purchase items, while Visa handles the payment process in the background. After a purchase, the cardholder's bank wires the money to Visa's treasury, where Visa withdraws the funds and sends them to the merchant's bank.